The retail component will extend on both sides of Millenia Avenue, just south of Birch Road, on two separate parcels. The urban design will place an emphasis on walkability and outdoor gathering spaces. The design of the center is intended to complement the style of the overall Millenia master plan.

Sudberry Properties is the developer of Millenia Commons, which Andrew Hull Stevenson Architects designed. Hazard Construction is doing the initial grading and infrastructure work for this component, though Sudberry is in the process of selecting additional contractors.

The boutique hotel is scheduled to open in mid-2018. It will be the second Ayres Hotel in San Diego and the 22nd outpost in Southern and Central California.

Hotel amenities will include full bars in the lobby and the outdoor courtyard, a fitness center, three conference rooms and a boardroom. The Ayres Hotel lobby will feature a projection celebrating historic moments from the Olympics, as the property will be situated 2.5 miles from the Chula Vista Elite Athlete Training Center (formerly the Olympic Training Center).

The hotel development team includes ACS Architectural Services and general contractor The Ayres Group.

Millenia’s overall master plan calls for 3,000 multifamily residences, 2 million square feet of Class A office space, and 1.5 million square feet of retail, hospitality, civic and mixed-use projects. It will also feature six urban parks woven together with a system of tree-lined promenades, bikeways and plazas. Phase I of Millenia began development in August 2013.

San Diego-based Sudberry Properties specializes in urban retail, community and town center developments with an emphasis on mixed-use projects and master-planned communities. The company has developed about 10 million square feet of retail, office, apartments and industrial projects with a market value of more than $1.5 billion. Ayres Hotels is a family-owned and -operated collection of boutique hotels throughout California.

Roseville, Calif. — Armstrong Development has announced plans for Campus Oaks Town Center, a shopping center located at the corner of Blue Oaks Boulevard and Roseville Parkway in Roseville, California.

Chesterfield, Mich. — Grandbridge Real Estate Capital has secured a $43 million first mortgage loan for Waterside Marketplace, a 291,231-square-foot retail center in Chesterfield, located 25 miles north of downtown Detroit.

Buford, Ga., and Northport, Ala.— Atlanta-based Watkins Real Estate Group has developed two Publix-anchored neighborhood retail centers in the suburbs of Atlanta and Tuscaloosa, Alabama, totaling more than 126,000 square…

Charlotte, N.C.— A joint venture between private equity firms Durational Capital Management LP and The Jordan Company LP have agreed to acquire chicken-and-biscuits chain Bojangles’ Inc. for $593.7 million in an all-cash…

Mooresville, N.C. — Lowe’s Cos. Inc. (NYSE: LOW) has unveiled its plans to close 20 underperforming stores in the United States as part of its ongoing strategic reassessment. Additionally, the company…

Lake Elsinore, Calif.— Hanley Investment Group Real Estate Advisors has arranged the $44.3 million sale of Lake Elsinore Marketplace, a 144,034-square-foot shopping center located in the Southern California city of…

Hopkinsville, Ky. — Cohen Financial, a division of SunTrust Bank, has secured $18.2 million in acquisition financing for Hopkinsville Town Center, a 184,761-square-foot shopping center located in Kentucky.

Teterboro, N.J. — Hanley Investment Group Real Estate Advisors has arranged the $37.5 million sale of a 159,542-square-foot building occupied by Walmart in Teterboro, New Jersey, eight miles outside Manhattan.

New York City — A partnership between L&L Holding Co., Normandy Real Estate Partners and an institutional investor advised by J.P. Morgan Asset Management has acquired Terminal Stores, a 1.2 million-square-foot…

Glendora, Calif. — HFF has secured $17.1 million in post-acquisition financing for Grand and Alosta, a 70,881-square-foot, newly redeveloped shopping center located in the Southern California community of Glendora.

Charlotte, N.C.— The Spectrum Cos., in partnership with Invesco Real Estate, is developing a mixed-use project located on a five-acre tract linking Charlotte’s South End with its Uptown business district.

Lancaster County, S.C. — Chattanooga, Tennessee-based developer Hutton has announced the completion of the Promenade at Carolina Reserve, a 258,000-square-foot shopping center located in Lancaster County.

Chicago — EQ Office, the office portfolio company owned by Blackstone’s real estate funds, has unveiled plans for Catalog, a five-story dining, retail and entertainment destination located at the base…

Orlando, Fla. — Tavistock Development Co. has unveiled plans for Boxi Park at Lake Nona, an outdoor entertainment venue located within Lake Nona Town Center, a 100-acre mixed-use development that anchors…

Sandy, Utah — Hanley Investment Group Real Estate Advisors has arranged the sale of Canyon Center, a 47,866-square-foot, Smith’s Grocery-anchored shopping center in Sandy, located 18 miles south of Salt Lake…